This seems like a big deal:
BC Hydro [the province’s electric utility] is offering to pay its industrial customers up to 100 per cent of the cost of energy-efficient investments under $1 million, and up to 75 per cent of the cost of projects over $1 million…
“”We’re spending $80 million, but…[o]verall, the program has a net benefit of $120 million compared with the cost of purchasing new electricity supply.”
Wow. So BC Hydro is flat out paying for massive efficiency upgrades, and expects to make money on the deal. That’s one kind of industrial subsidy that I actually don’t mind.